Mathematics, 11.02.2020 07:19 arivalen

Chris received $50,000 from his grandparents as a graduation gift. So, he has decided to invest the money to pay his living cost at a college, which is $3,000 a year. There are two options: a bond that pays 15% and a CD that pays 3. How much should he invest in the bond? [Please round your answer to 2 decimal places]

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Chris received $50,000 from his grandparents as a graduation gift. So, he has decided to invest the...

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